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Esperanza
Esperanza is 39 years old. She lives in a town close to the city of Barranquilla, where she has a general store that mainly sells stationary products.

She started her business 8 years ago when she noticed that this type of business did not exist in the neighborhood where she lives. With her savings, she decided to start it. The main products that she offers are stationary items to satisfy the demands of the schools that the children in the area attend. She conducts her sales in cash from Monday to Saturday from 9 in the morning until 9 at night. She buys the items in cash at wholesale in order to obtain the best prices.

Her goal is to increase the size of her business and to improve her quality of life. Her greatest challenge is having enough working capital to achieve her goals. She is currently requesting a CrediKiva, which she will use to buy stationary products and other general store items. With this, her business will have a large inventory with which she will attract new customers, improving her business with this loan.
View original language description ↓
Esperanza de 39 años, habita en un municipio cercano a la ciudad de Barranquilla, donde tiene una miscelánea y vende principalmente papelería; su negocio inició desde hace 8 años, cuando observó que en el barrio donde habita, no existía este tipo de actividad comercial y con sus ahorros decidió emprenderla. Los principales productos de su oferta, son artículos de papelería para satisfacer la demanda de los colegios de los niños que habitan en el sector. Sus ventas las realiza de contado, de el lunes a sábados, en los horario de 9 de la mañana a 9 de la noche, comprando los artículos de contado a mayoristas para obtener los mejores precios. Su meta es incrementar el tamaño de su negocio y mejorar su calidad de vida, pero su mayor desafío es tener el capital de trabajo suficiente, para lograr sus metas. En la actualidad está aplicando a un credikiva, mediante el cual comprará productos de papelería y de miscelánea. Con ello su negocio tendrá un amplio surtido, con los que abordará nuevos clientes, mejorando así su negocio con esta inversión.

Additional Information

About Fundación Mario Santo Domingo

Fundación Mario Santo Domingo (FMSD) is a non-profit organization in northern Colombia dedicated to developing programs for the country’s poorest communities. In addition to numerous social services, FMSD runs a microfinance program to strengthen micro-businesses in the areas where it works. The organization also offers several non-financial components as part of this program, including training to help entrepreneurs start their own businesses.

Tags

About Colombia

  • $6,070
    Average annual income
  • 246
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,887.5
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $475 helped Esperanza to buy stationary products and other general store items.
47% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2014
Listed
Aug 17, 2014
Currency Exchange Loss:
Possible